Spotify beats with Q1 revenue of €1.8B and net income of €1M; MAUs rose 31% YoY to 286M, premium users rose 31% to 130M, and ad-supported MAUs rose 32% to 163M
Spotify $SPOT Q1'20 earnings out: - 130 million Premium Subscribers, up 31% Y/Y - €1,848 million of Total Revenue, up 22% Y/Y Premium revenue beat expectations but ad-support revenue fell short “as a result of impacts from COVID-19, particularly the last 3 weeks” of Q1 https://tw…
@gerryfsmith
Gerry Smith on x
A sign of the stress we're feeling: Spotify has seen an increase in searches for “chill” and “instrumental” music and consumption of podcasts related to wellness and meditation. https://www.bloomberg.com/...
@lucas_shaw
Lucas Shaw on x
People are listening to less music, but that hasn't slowed @Spotify's growth. It now has 130M paying subscribers. Closing in on 300M users. https://www.bloomberg.com/...
@robinwauters
@robinwauters on x
Spotify and chill https://twitter.com/...
@j_a_warrington
James Warrington on x
Spotify Q1: “Every day now looks like the weekend” - Morning music and podcast listening down due to lack of commuting - Listening around daytime activities like cooking and doing chores up - Rise in searches for chill and instrumental music + wellness/meditation podcasts
@spotifynews
@spotifynews on x
Some thoughts our CEO and Founder Daniel Ek just shared on our Q1 earnings call. https://twitter.com/...
@pkafka
Peter Kafka on x
Takeaway from Spotify's Q1: Pandemic hasn't hurt its core sub biz - no Netflix-like bump, but no fall-off - but has hurt its ad $. Ad biz missed goals by 20% in last few weeks of quarter - that's advertisers cancelling buys, and cutting back spend. https://s22.q4cdn.com/...